Agreed value insurance

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RichardH
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Has anyone had any experience of taking out agreed value insurance with Adrian Flux? In my view the value of my car is now more than what I paid for it - particularly after having had expensive repairs. How does one judge value accurately? 

Thanks Richard

markhowes
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Re: Agreed value insurance

My policy not with Adrian Flux but it is for an agreed value.

When I first took out the policy, several years ago, I just asked for an agreed value for what I paid for it and sent photos of the car as proof of condition.

At each renewal I ask that the agreed value be increased to take account of what similar models are then being advertised for. Never had a problem - insurance company just notes increased value on renewal documents.

Maybe Adrian Flux would be happy with photos and maybe copies of a couple of ads for similar model/year as proof. Or at least they would tell you what proof they do require.

 

gav.helme
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Re: Agreed value insurance

Flux just the same

You tell them hem what you value it at

Provides pictures as they request each year

Pay them the extra £15/20 for the valuation and whatever premium increases and off you go

I have mine insured for £25k and £40k

markhowes
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Re: Agreed value insurance

So there you go Richard.

If they insist on a professional valuation - just get Gav to do it for you wink

RichardH
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Re: Agreed value insurance

Thanks to all for helpful comments.